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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AugustWest who wrote (63223)1/30/2001 4:44:54 PM
From: pater tenebrarum   of 436258
 
it compares not at all. first of all, in '82 we had the INFLATION-ADJUSTED low of the secular bear market that began in the late sixties...and we had the famous BW "equities are dead" cover. MUFU assets were only 2,3 % of GDP, not 43% as they are now...the S&P had a p/e of 7 and a yield of 6%....compared to 25 and 1,03% now.
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